CREATIVE AGING MEMPHIS

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

MARGARET HENLEY

Phone

9012723434

Tax Period

2024-01-01 to 2024-12-31

CREATIVE AGING MEMPHIS, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $787K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

IMPROVE QUALITY OF LIFE FOR SENIORS BY STIMULATING THEIR MINDS, CREATIVITY, AND SENSE OF SELF THROUGH ARTS PROGRAMS THAT ENGAGE, EDUCATE, AND ENTERTAIN.

Program Service Accomplishments

Program 1

Expenses: $630,776 Revenue: $210,618

CREATIVE AGING'S 3 ARTS-BASED PROGRAMS ENGAGE OLDER ADULTS AT PLACES THEY LIVE OR GATHER. PROGRAMS INCLUDE THE CONCERT SERIES, COMMUNITY PERFORMANCES, AND STUDIO COURSES. THE 2024-25 CONCERT SERIES INCLUDED 19 EVENTS FEATURING MEMPHIS' BEST ARTS ORGANIZATIONS AND INDIVIDUAL ARTISTS. THE CONCERT SERIES IMPACTED OLDER ADULTS 5872 TIMES. COMMUNITY PERFORMANCES AND STUDY COURSES TOOK PLACE 1,817 TIMES IN OVER 100 LOCATIONS IN THE GREATER MEMPHIS AREA, INCLUDING SENIOR CENTERS, SENIOR HOUSING, LIBRARIES, MUSEUMS, THEATERS AND MORE. COMBINED 2024 PROGRAMS ENGAGED OLDER ADULTS A TOTAL OF 55,645 TIMES. PARTICIPANTS IN CREATIVE AGING'S STUDIO COURSES HAD OPPORTUNITIES TO SHOWCASE THEIR ARTWORK AT ART SHOWS HELD AT THEATRE MEMPHIS, THE WKNO GALLERY, AT THE KROC CENTER AND IN A PERMANENT WINDOW AT THE RENASANT CONVENTION CENTER. CREATIVE AGING'S PROGRAMS HELP DRIVE THE LOCAL ARTS ECONOMY BY PAYING 120+ ARTISTS AND MUSICIANS WHO TEACH OR PERFORM AS PART OF OUR CLASSES AND EVENTS. THESE PERFORMANCES AND CLASSES BENEFIT SENIORS AND THE COMMUNITY AS A WHOLE BY ACTIVATING PARTICIPANTS' CREATIVE CAPACITY, BUILDING COMMUNITY AND REDUCING THE NEGATIVE HEALTH CONSEQUENCES OF SOCIAL ISOLATION AND INACTIVITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $566,041

Program Service Revenue $210,618

Investment Income $10,077

Other Revenue $0

TOTAL REVENUE $786,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,748

Fundraising Expenses $76,627

Program Expenses $630,776

Other Expenses $553,869

TOTAL EXPENSES $788,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$786,736	$673,327	+0.2%
Expenses	$788,617	$576,380	+0.4%
Net Income	$-1,881	$96,947	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$73,375

Total Directors

$117,626

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET HENLEY	EXECUTIVE DIRECTOR	40.00	Officer Director	$70,500	$0	$70,500
RACHEL CHEEK	PRESIDENT	5.00	Officer Director	$0	$0	$0
SARAH NOWLIN	DIRECTOR	1.00	Director	$38,193	$0	$38,193
JENNIFER ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
PAM GUINN	TREASURER	5.00	Officer Director	$0	$0	$0
KAREN HAMBURGER	DIRECTOR	1.00	Director	$0	$0	$0
CHERITA HOPPER	DIRECTOR	1.00	Director	$0	$0	$0
JULIA SAN ROMAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
OSCAR SUEING	SECRETARY	5.00	Officer Director	$2,875	$0	$2,875
KIM O'DONNELL	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ALECIA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
REX GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH SWINEY	DIRECTOR	1.00	Director	$6,058	$0	$6,058

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$786,736	$788,617	$646,821	$-1,881
2023	$673,327	$576,380	$602,654	$96,947
2022	$469,976	$549,722	$488,350	$-79,746
2021	$711,025	$356,963	$575,355	$354,062
2020	$309,344	$252,889	$241,424	$56,455
2019	$315,424	$338,302	$155,338	$-22,878
2018	$291,905	$296,137	$186,970	$-4,232